Owens & Minor (OMI) : Cwm added new position in Owens & Minor during the most recent quarter end. The investment management firm now holds 443,487 shares of Owens & Minor which is valued at $14,621,766 , the company said in a statement filed on Oct 17, 2016 with the SEC.Owens & Minor makes up approximately 1.05% of Cwm’s portfolio.
Other Hedge Funds, Including , Gemmer Asset Management reduced its stake in OMI by selling 41 shares or 26.8% in the most recent quarter. The Hedge Fund company now holds 112 shares of OMI which is valued at $3,693.Bnp Paribas Arbitrage Sa reduced its stake in OMI by selling 20,791 shares or 60.26% in the most recent quarter. The Hedge Fund company now holds 13,709 shares of OMI which is valued at $461,719.
Owens & Minor closed down -0.11 points or -0.33% at $32.97 with 4,26,240 shares getting traded on Friday. Post opening the session at $33.26, the shares hit an intraday low of $32.96 and an intraday high of $33.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Owens & Minor reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.49. The company had revenue of $2483.70 million for the quarter, compared to analysts expectations of $2469.08 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Owens & Minor Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement inventory management delivery and sourcing of products for the healthcare market. Its customers include hospitals integrated healthcare systems group purchasing organizations manufacturers of life-science and medical devices and supplies including pharmaceuticals.